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Property profile & analytics
OFF-MARKET Estimated value $250,000
Commercial real estate

201 Beech St Forrest, IL 61741-9611

0.2 ac lot
Individually Owned 10-yr Hold Free & Clear
Property ID
US28-4866350
Property summary
AI-generated overview

This exceptional property presents a rare investment opportunity. Located at 201 N Beech Street in Forrest, Illinois, this meticulously preserved and renovated former church boasts over 4,900 square feet of space spread across two levels. Currently operating as a captivating hat museum, the building showcases a remarkable collection of over 17,000 hats and 35,000 pens and pencils, along with other unique collectibles. The property retains its original charm with high ceilings, stunning stained-glass windows, beautiful woodwork, and well-preserved church pews and altar. Extensive renovations completed in 2017, prior to the museum's opening, revitalized the building. These upgrades included new drywall, insulation, electrical systems, flooring, roofing, paint, a public restroom, a new furnace, and air conditioning. The lower level also features an additional kitchen space and a half-bath, ready for customization. This is a truly one-of-a-kind property, offering a blend of historical significance, unique business potential, and significant square footage. Priced at $250,000, this property is ready for its next chapter. The expansive space and unique character make it suitable for a variety of uses, beyond its current museum function. Schedule a showing to appreciate the beauty and potential of this remarkable building.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 0.2 ac (8,712 SF)
APN 26-26-03-308-006
UPID US28-4866350
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k
Owner & transaction history
Jerry Roth · 10 yrs held
Jerry Roth
since 2016
1 recorded transaction
2016
$500
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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